Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum Sells 2,893 Shares of Stock

Alerian MLP ETN (NYSEARCA:AMJB) CFO Jeremy Barnum sold 2,893 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $312.79, for a total transaction of $904,901.47. Following the completion of the transaction, the chief financial officer directly owned 26,696 shares of the company’s stock, valued at approximately $8,350,241.84. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alerian MLP ETN Price Performance

Shares of NYSEARCA:AMJB opened at $31.79 on Friday. The company’s 50-day moving average price is $30.32 and its two-hundred day moving average price is $30.09. Alerian MLP ETN has a one year low of $26.65 and a one year high of $33.40.

Alerian MLP ETN Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 9th. Investors of record on Monday, December 1st were issued a dividend of $0.5006 per share. The ex-dividend date was Monday, December 1st. This is a boost from Alerian MLP ETN’s previous dividend of $0.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Alerian MLP ETN by 6.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,010,023 shares of the company’s stock worth $59,336,000 after purchasing an additional 130,000 shares in the last quarter. Wellspring Financial Advisors LLC acquired a new position in Alerian MLP ETN during the second quarter worth $1,141,000. Lake Street Private Wealth LLC increased its holdings in Alerian MLP ETN by 31.6% during the third quarter. Lake Street Private Wealth LLC now owns 133,560 shares of the company’s stock worth $3,943,000 after buying an additional 32,075 shares during the last quarter. IFP Advisors Inc raised its position in Alerian MLP ETN by 44.1% during the second quarter. IFP Advisors Inc now owns 34,363 shares of the company’s stock worth $1,040,000 after acquiring an additional 10,510 shares in the last quarter. Finally, Nicolet Bankshares Inc. lifted its stake in Alerian MLP ETN by 1.0% in the third quarter. Nicolet Bankshares Inc. now owns 194,978 shares of the company’s stock valued at $5,756,000 after acquiring an additional 1,994 shares during the last quarter.

Alerian MLP ETN Company Profile

The ALERIAN MLP INDEX ETNS DUE JANUARY 28, 2044 (AMJB) is an exchange-traded fund that is based on the Alerian MLP index. The fund tracks a market cap-weighted index of 50 North American energy MLPs. Securities are selected based on distributions. AMJB was launched on Apr 2, 2009 and is issued by JPMorgan Chase.